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VOL. IV. NATCHITOCHES, LA., JULY 15. 1898. N. 45.
.BONDS AND ROBBERY.
THE UNPATRIOTIC DEAL WITH
And the Scheme for the Retirement of
the Greenbacks Was Concealed in the
Din ey Bond Bill-Traitors Are at
" Pending the debate in the senate on
the Wall street bond bill the Chicago
Under the hypocritical cry of patriot
ism the plutocratic press of the nation
is urging the bond issue and trying to
whip into line every senator who for a
moment questions the advisability of
the measure which passed the lower
The infamous propositions of thht
bill are to be rushed through, if these
vampires have their way, without even
The debate has already developed a
sentiment in favor of a scientific money
system which to the bank power is a
In the house 106 members voted in
favor of an amendment providing for
an ssue of legal tenders instead of the
sale of bonds, and finally 131 members
on passage of the measure went on
record against bonds.
Thts agitation and development of
populistic sentiment has carried con
sternation into Wall street and led
such servile tools of the money power
as the Chicago Tribune to make the
most vicious attacks on every one who
refuaes to follow the dictates of the
They are called "disloyal" and the
term "copl rheadism" is hurled at
them in the most vindictive manner.
The ranting of the old "Trib" be
comes actually ludicrous as it ex
claims: "One hundred and twenty-five
thoufead men have just been called in
to the service. The house democrats
do not want them to be paid. What do
thesar volunteers and their friends
tblak of that?"
'Ow the faets are, the only true loy
it in congress today is represented by'
tble! tWho insist on a legal tender
ontey isased directly by the govern
There is no patriotism in the issue
o IJnterest bearinag bonds.. There is no
UMOries l, they should be Issued.
unleeira Carfed the nation through
a tSoS!r a war, and those Arst jissued
:vipr nt below par; were as good as
gioSd every day of all that dark period
S ptrma strife`
I a these facts at this legal tender
Oft pvevament 'oue which face
laonat of Walt and Lombard
pt:d mabke them fear delay.
-the bomnd bo lae is de
_ -t eb. will be the discus
N tIVi and the more people
w ;awho favOr government
._ ; . they are putting it
v wOaIup the most
athkim that uUe4 he pro
ýso h&-oen uset hip hu
athe thinkaetzi at
ta tehmaa jcr *sat
t a wa,
posterous mode of raising money to
carry on the war?
The opponents of the gold standard
are perfectly willing to furnish any
amount of money asked for by the
administration to prosecute the war.
They are willing to do this by the is
suance of short-time treasury notes,
payable twelve months after date, with
interest, and levy taxes to discharge
them at maturity. It would cost the
government very little to carry on the
war if the $50,000,000 of seigniorage in
the treasury were coined and silver
certificates issued thereon, and $150,
000,000 of non-interest-bearing full le
gal tender treasury notes issued. Such
an increase of the circulating medium
would not only furnish money to
prosecute the war, but would furnish
a circulating medium which would re
vive business and make the payment ;)f
the war tax easy. If, however, the op
ponents of gold monopoly are willing
to forego all the advantages which
more money would furnish, and con
sent to the issuance of short-time
bonds which will neither commit the
country to the gold standard nor to bi
metallism, we think it unreasonable
that the gold party should refuse such
non-partisan legislation asked for the
ulterior purpose of more thoroughly
committing the country to the single
SAUERBECK'S INDEX NUMBER.
To Which Is Added the Annual Aver
age Price in London.
of 45 prin- Index price
cipal number of 811
commo- of Silver. ver in
Years. ditles. 100-80 .84d. London
1866--7 .... 100 100
1874 .... .. 102 '96.8 68 5-16
1876 ........ 93 53.3 56%
1878 ........ 895 86.7 52%
1877 ........ 94 90.2 54;
1878 ........ 87 85.4 52 9-16
1879 ........ 83 84.2 5174
.1880........ 88 n.9 524
1881 ........ 85 85.0 51 11-16
1s82 ........ 84 84.9 51%
1883 ........ 82 83.1 50 9-16
1884 ........ 76 83.3 50 11-16
1885 ........ 72 79.9 48%
1886 ........ 69 74.3 46%
1887........ 68 73.0 44%
1888 ........ 70 70.4 42%
289 ........ 72 70.2 42 11-16
180 ......... 72 78.4 47 11-16
181 ...... .. 72 74.1 45 1-16
1892 ........ 68 65.4 39 13-16
183 ........ 68 586 385%
1894 ........ 63 47.6 28 15-16
1885........ 6 49.1 289
18s ........ 61.0 60.5 30%
97 ........ 62 463 279 -16
Jan. 1896 ...2.... 2.8 48.0 38-1
Feb, 1i ........ ..4 42.1 25%
Mar. 1= ........ 8.0 42.2 25 11-16
*Pence is about 2 cents.
Win ever Be Known.
The reason why no preparation was
made to supply Admiral Dewey with
men and munitions of war in case he
was victorious in. the Philippine
Islands will never be known, because
it would be a record of ignorance and
stupidity or something worse which
the responsible parties will Bever re
veal to the public.
The reason why no arms or muni
tion. of war have been sent to Gomes's
army is one of the mysteries of Prest
dent MeKinley's admniastrwtlon. The
Insurget army of patriots for more
than three years had conducte4 a war
against all the armies of Spain, and
obtanlaed sunfeient supples to enable
them to eoatinue the contest notwith
"ndlng the visilance of Sanibh hwar
+v~sel ad the expenditure of millions
by the atted tates in maintalining a
adts of revenue cutters to prevent
the landing .f supplies on the fisland.
'It will not do for the admtnistration to
laIap that a lage army of,occupation
must bhe sat to Cuba before munitions
ofi war can be supplied to the armies of
hues, b1ease thee are hundreds of
paces where supplies have been landed
and -aieow be landed withbout aoles
The reason why Cuba Is blockaded
"ad the rieaceatradoso dAprived of
eery ipoetbie means of obtaining tood,
-fthiaitpay effort on the part of the
naduaiastrtafo to furnish them reliet,
eth:' br: sendin troops upon the
-Isl-~d i y the use of Gomus's forees,
w'I aever be known
If tbiOOsoo starving and diseased
Aeiikteacuagao ,for whom this war for
hmainfety was Inaugurated, die by star
aton oar aceoqnt of the action of the
adjt dlttatlona, who will be responu
·ble foer ahd a terrible disaster? #fUll
" hbe Spaa, who uhas o wr to ex
'N ~qnlriles are not ujadelon the
avtWualt-ndIns or crf(teiem, but
tkri: idhei~p ite' and sorrw, and to
4i the recopatoa of thd
tT t iet It?
" r• '
WHO WILL ANSWER?
A VERY PERTINENT LOT OF
Puncturing the Theories That Sustain the
Present Chaotic Financial, Industrial
and Political Systems-The Populist
If it be true that all just govern
ments derive their powers from the
consent of the governed, why, thei,
should not the people, with their past
experience with representative agents,
demand that an amendment be made
to the state constitution, providing
that all laws which are passed by state
or municipal legislative bodies shall
be subject to rejection by a direct vote
of the people before they are enforced?
If the people are not qualified to de
cide as to what laws shall govern
them. are they then capable of choos
ing as to who shall be elected as
agents to make their law?
If a municipal government can own
and control its streets, sewers, fire de
partments, jails, parks, squares, school
houses, and other public buildings,
from which it receives no revenue, but
which involve expense, why should it
not own and control other public ne
cessities in the interests of the people,
from which large profits are derived,
such as gas, electric light, telephone
and street railways?
If public utilities under private fran.
chises, given away by the people's
agents to private corporations, will
pay a profit on a capitalization of
double their outlay, why cannot the
public own and make a profit out of
them based on the actual cost?
If all true wealth is the product of
labor, and money is the creation of
law, a medium with which to repre
sent value and make exchanges--the
people themselves being the source of
all power-why should they create by
legislation one kind of money with
which to redeem another kind, and
further, why should it be restricted to
such an extent that for every dollar
used by the people, a debt of a like
amount for interest must be contract
ed about every fifteen years?
If coin money depends upon its in
trinsic value, instead of law, why is
the legalized silver dollar of 412%
grains worth par when the trade dol
lar of 420 grains of silver is worth
only its bullion price, about 50 cents?
Why will the standard silver dollar
buy at the present price of silver two
and one-quarter times the silver con
tained in the same dollar? And fur
ther, why is the ten-dollar e~gle of 270
grains standard gold, coined'under th:
law of 1792, only worth as money the
same as the gold eagle of 258 grains
coined under the law of 1884?
If the government-the people-I
the only power within its own domain
that can issue legal-tender money, why
should it go out of the "banking busi
ness," call in its own non-interest
bearing money, to bh replaced with
the interest-bearing currency of pri
Sate corporations, whose creation and
hacking rest solely on the credit and
support of that very authority which
they are now seeking to usurp?
If the government should go out of
the "basnking busliess," would it not
also have to go out of the "govern
ment business," as it is a coneeded fact
that the power that controls the issu
ing and distribution of money in any
country controls the people?
If it is the sovereign right of gov
rmnents to coin and issue their own
money-and our country is greater in
wealh and resources than any natio
of 2uope-- why should we consult
them as to what kind of money we
-hall use, when they adopt and con
dnct their own fluancial polices with
oat asking our cosent or advice?
If foir many years peace has blesse6
our country, the land given up its un
sinted treasures-and otnr natura.
·eaources and produoetive forces, as a
nation, are greler than ever known
In any age for the sustesance and
lessing of manakind-why shqald Ia
bor be unemployed and the great mass
of the Ameriean people be in fanan
isal distress, actually suffering for the
necessaries of life? Is providence r
sonasible for these oedittions, or,
rather, the class and vicip leisla
-tidn in the interept of organised
-wealth and private monopolcte, whkh
an. now controlling the taourcer of
the nation to sdh an etesht'that now
less than 1 per celt of the:people own
hreefourths of the wireath of the
country? For yeat it has been evi
dent to any school boy in ~hance that
if but one naelal law :had been
ased In the iaterest aO: the people
furmshi ng aequate sly of I
a-tsender mna~ie wilth w to tin
tobe ae oed at reln-aevi wags",a
cusumnptton Of.; dirSitamidtiti Woold in
j~iji~~ii~:r ~ tobt . sei
CURRENT NO'fES l
The New York Evening Post and
several other sublimated organs of
Wall street which have been demand
ing the issue of interest-bearing war
bonds in as large quantities as possi
ble, habitually refer to the "tremend
ous pension burden." Presumably, the
interest on the civil war debt that has
been unnecessarily paid to foreign and
domestic usurers is not a burden, since
the Cleveland-worshiping newspapers
never allude to it as such,
But the facts are shown in the fol.
interest paid for
Year, paid. pensions.
1866 .. ..$133,067,624 $ 13,459,996.43
1867 ..... 143,781,591 18,619,956.46
1868 ... 140,429,045 24,010,981.99
1869 ..... 130,694,242 28,422,884.08
1870 ..... 129,235,498 27,780,811.83
1871 ..... 125,576,565 33,077,383.63
1872 ..... 117,357,839 30,169,341.00
1873 ..... 104,750,688 29,185,289.62
1874 ..... 107,119,815 30,593,749.59
1875 ..... 103,093,544 29,683,116.63
1876 ..... 100,243,271 28,851,599.69
1877 ..... 97,124,511 28,580,157.04
1878 ..... 102.500,874 26,844,415.11
1879 ..... 105.327,949 33,780,526.19
1880 ..... 95,757,575 57,240,540.14
1881 ..... 82,508,741 50,626,538.51
1882 ..... 71,077,208 54,296,280.54
1883 ..... 59,160,131 60,431,972.85
1884 ..... 54,578,378 57,273,536.74
1885 ..... 51,38.6,256 65,693,706.72
1886..... 50.580,145 64,584,270.45
1887 ..... 47,741,577 74,815,486.85
1888 ..... 44,715,007 79,646,146.27
1889 ..... 41,001,484 89,131,968.44
1890 ..... 36,099,284 106,493,890.19
1891 ..... 37,547,135 118,548,959.71
1892 ..... 23,378,116 141,086,948.84
1893 ..... 27,664,392 158,155,342.51
1894 ..... 27,841,406 140,772,163.78
1895 ..... 30,978,030 140.959,361.37
Thus it appears that in thirty years
the total amount of money paid in pen
sions was $1,949,562,071, scarcely any
of which went to wealthy persons.
During the same time $2,791,537,715
was paid as interest to the bondhold
ers, practically all of whom are rich,
and most of whom have offices in Wall
street. Excess of the interest burden,
Therefore, from the point of view
of Grover Cleveland and Mark Hanna,
the payment of pensions is a burden
which ought to be abated. The issu
ance of interest-bearing bonds is a
When volunteers were scarce near
the close of the civil war the govern
ment unhesitatingly made use of the
draft. So did the Confederate govern
ment, and so would the United States
government in the war with Spain if
In the name of common sense, why
not draft the money necessary to con
duct the war, also?
The people volunteer their lives. The
plutocrats volunteer nothing, except to
eondescend to serve on staff duty
where there is no danger, as John
Jacob Astor has done. The plutocrats
do not volunteer to endanger their
lives or deplete their bank accounts.
On the contrary, they ght all war
taxes that will fall upon them, and
demand that the government abrogate
its right to issue money, borrow
money of them, and pay them interest
"A determined fight," said the press
dispatches recently, "led by Senators
Elkins and Hanna, will be made
against thd* section of the senate sub
_titute for the Dingley war tax bill
which relates to the taxing of corpo
While Wail street controls legisla
tion at Washington there will be no
Issue of greenbacks; no income tax;
no inheritance tax; no tax on the gros
receipts of corporations.
_Rpecially will Senators Elkfns and
manna and the sugar trust, standard
oil trust, railroad trust, steel trust,
~te., fght the tax upon the gross re
ceipts of corporationas. The trusts are
not here for the purpose of contribut
tag to the war expenses. Their mis
slon Is to mask the war an excuse
for greatly icreasing their proflt~Y,
which they have already done.
And the government, as administer
ed by Senators klins and Hanna, will
e tha ththe wishes of the trusts are
Even the slilver bullion owned by the
government must not be coined to hel9
pay war expenses as long as Wall
street has ma dollar to loan. And a
hundred admilon dollatrs in gold mnst
be left- in the treasury as a reserva
SMr. anna or M ir. kinate should do
suck pallncilrlug in their own private
btketsel as they are forefng upd4 thd
pedSe f tbh country, their relatives
woutld ha, guaruans alpointed fto
theam. . PERCY PEPOON.
t.e ,tar #us rayo . o rwilln ap
O bo#r save ytoUself anld yr
I' - ." , ,.i~ii~i
I1OLSTON & P11ARIS,
Church Street, near Iron Bridge, Natchitoches, La.
New Buildings, New Buggies, Fresh Horses, ExperiencedManagers
Drummer's Oktfitt:d on Short lrice. 'Bus Meet all Trains.
Horses cared for b the (lday, week or month. Put up with us when you
come to town. Bost line of Feed to bo had.
Services at the Methodist church
every First and Third Sundays at 11
. m. and 7:30 p. m., by the pastor,
Rev. H. Armstrong. Prayer meeting
every Wednesday night at 7:30 o'clock.
BaTXST--M. E. Weaver, pastor.
Regular services, Second and Fourth
Sundays at 11 a. m. and 8 p. m.; Sun
day school, 10 a. m.; prayer meeting,
Wednesday, 8 p. m. All invited.
Phoenix Lodge No. 88, A. F. & A.
M.-.Simcoe Walmsley, W. M.; J. C.
Trichel Jr., Sec. Meets First and
Third Wednesdays at 7 p. m.
Castle Hall No. 89, Knights of Pyth
ia.-U. P. Breazeale, C. C.; Adolph
L'Herisson, K. of B. & S. Meets
Second and Fourth Thursdays at 8
Criminal Term-First Mondays in
June and December.,
First Mondays in March and Octo.
First Mondays in April and Novem.
A. E. LBan T. B. TUoBan.
LEdEE & TUCKER,
General Insurance, Land Agents, Notaries Public
ABS:TRACTS OF TITLES A SPECIALTY.
Represent FIDELITY COMPANIES. Booote ao,_ yar o e.onsll
Office, Opposite Court House.
Established in 1889
General Insurance Agency.
U. P. BREAZEALE.
[Successor to Alixtrder, Bill & Bieasale.j
Represents First.Class Companies in Life and Fire Insurance
Representing also the United States Fidelity & Gnuaranty Company,
of Baltimore, for Bonds and Securities.
Prompt Attentionl to Business. ::: Country Builness a Specialty
Oftf e1 St. Denals Street, NATGUITOCGBS, LA. ,
Call on me before plaolng your Insuranoe i3lsewhere.
U. P. 3reazeale,
STATE NORP AL SCHOOL0
M AINTAINED by the State of Louisiana for the training of te.chers.
Affords thorough preparation for the profession of teachingt Il,
course of acasdemio study; praotical training in the art of teing;
ene year of daily pzsotlpe in model sohools, under guidance of skilled traininog
teachers. Class work exemplifies the best of modern thought in matter sand
method of instruotion. Diploma entitles graduate to teach in any public
sohool in Louisisas without examination.+
FoU large buildings, thoroughly equipped; beautiful grounds of one
hundred sores; most healthful location in the South. Faculty of dfteen
trained instructors; 432 students last year. Tuition free to students who
teach one year aftert graduation; total necessary expense for session of eight
Thirteenth annual session began October 4, 1897.
For eatalogue write to
B. C. CALD WELL, President.
Jomw M. Tcrxsa, President. D. C. Sctsnonovo: , Secrutary.
Joam A Basrei, Treasurer and General Manager.
GIVANOVICH OIL CO,
. .. Manufacturers and Dealers in all kinds of. ...
COTTONN: SEED: PRODUCTS,.
• TCHITOOIHE, L..
Dr. C. Scaborough. H. M.Carv er
SCARBOROUGH & CARVER,
ATTOBNEYs AT LAw,1
NATCHITOCHES, - LOUISIANA.
Will practice in the District Courts in
the Parishes of Natchitoches, Red
River and Sabine, and in the Supreme
Court of Louisiana, and the U. S. Dis,
trict asd Circuit Courts for the West
ern District of Louisiana. 1 17 ly.
C. H. PROTHRO,
PHYSICIAN ArD SUBRGON,
NATCHITOCHES, - LOUISIANA.
Diseases of Women and
Children a Specialty.
Office on St. Dennis Street.
S4IUEL J. hENRY,
ATrroBm AT LAW,
Will practice in all the State and Fed"